Putting the ‘stress’ in distressed

Receiverships can offer solutions for struggling commercial properties, but they require skill

Within a year, Michelle C. Harrell saw commercial real estate markets shift, and distressed properties started to swallow banks' real estate owned (REO) departments. Between the end of 2007 and the end of 2008, bankers started to realize that something had to change.
The banks, she said, have been less interested in foreclosing on commercial properties, ...